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Siding Market by End-user, Material, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 174
  • SKU: IRTNTR70611
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The siding market is estimated to grow at a CAGR of 4.11% between 2022 and 2027. The size of the market is forecast to increase by USD 20.01 billion. The growth of the market depends on serval factors, including the booming global construction industry, increasing disposable incomes, and the growth of the travel industry. 

This report extensively covers market segmentation by end-user (residential, commercial, and public infrastructure), material (vinyl, fiber cement, wood, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Siding Market During the Forecast Period?

Siding Market Size

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Parent Market Analysis

Technavio categorizes the global siding market as a part of the global construction materials market within the global materials market. The parent global construction materials market covers products and companies engaged in the manufacturing of construction materials, including sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Siding Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing disposable incomes are notably driving the market growth, although factors such as a shortage of skilled labor may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Siding Market Driver

The increasing disposable incomes are notably driving the market growth. The disposable income of people is increasing in many parts of the world. For instance, according to the data from the Bureau of Economic Analysis in 2019, in the US, the disposable personal income (DPI) after the income tax increased from 0.3% in May 2019 to 0.4% in June 2019. According to the Organization for Economic Co-operation and Development (OECD), household disposable income has increased in all developed and developing countries since 2020.

Factors such as the rise in dual-income households, increase in per capita income, and rapid growth in employment rate has increased disposable incomes worldwide. The growth in disposable income is expected to increase the spending and purchasing power of consumers. The boom in the tourism industry encourages consumers to spend on constructing new houses and renovating existing ones. High spending capacity allows people to spend on solutions that enhance the aesthetic appeal of their housing units. Hence, such factors will contribute to the growth of the market during the forecast period. 

Significant Siding Market Trend

The growing number of green buildings is an emerging trend in the market. The actual construction, establishment, and subsequent continuous operations of a building require a substantial amount of energy. Generating a huge quantity of energy for regular operations in a building turns out to be very expensive. Moreover, buildings are responsible for emitting the largest volume of greenhouse gases worldwide, which is more than the volume emitted by the transportation sector. Additionally, buildings continuously consume energy from the surroundings without any replenishment. This highlights the need for appropriate energy efficiency in buildings.

Green buildings are ergonomically designed to consume minimal amounts of energy. These buildings minimize energy consumption and efficiently utilize the available energy to meet all their requirements. Therefore, there will be an increase in the demand for such buildings. This growth may be attributed to the growing awareness about global warming and climate change and the frameworks that prioritize energy efficiency and ecological sustainability. As the growing demand for residential and commercial building spaces in developing countries will likely drive energy consumption, improved efficiency in the building sector may offer significant reductions in emissions. Such developments are likely to boost the adoption of energy-efficient sidings across all end-user segments during the forecast period, which would benefit the market in focus during the forecast period.

Major Siding Market Challenge

The shortage of skilled labor is a major challenge impeding market growth.  The lack of skilled labor for the installation of sidings compels siding dealers to decline work offers. In addition, dealers are compelled to pay high wages to less skilled labor in order to retain the workforce to cater to the demand from customers. Such practices can affect the quality of siding installation work. Moreover, the paucity of labor has increased average labor costs. Though investments in construction activities are constantly increasing, the shortage of skilled workers can negatively impact the global market.

Shortage of skilled labor also adversely affects the bottom line of the vendors. Since the lack of skilled laborers limits the demand that vendors can meet, the cash cost of such vendors remains high as they have to pay their workers regularly. This adversely affects their bottom line. Hence, the shortage of skilled labor will be a key challenge for the global market during the forecast period.

Key Siding Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Siding Market Share by Geography

Global Siding Market Customer Landscape

Who are the Major Siding Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Docke Extrusion LLC - The company operates under one segment. The company under this segment focuses on producing vinyl siding and rain gutters under the brand Docke. The key offerings of the company include siding solutions. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Boral Ltd.
  • Etex NV
  • James Hardie Industries plc
  • Kaycan Ltd.
  • Kingspan Group Plc
  • Knauf Digital GmbH
  • Koch Industries Inc.
  • Koch Konstruction Inc
  • LIXIL Corp.
  • Louisiana Pacific Corp.
  • Nichiha
  • Ply Gem Residential Solutions
  • Revelstone
  • ROCKWOOL International AS
  • The Alumasc Group plc

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Siding Market?

The market share growth by the residential segment will be significant during the forecast period. Residential construction in several regions witnessed an uptick in the last five years and will likely witness positive growth during the forecast period owing to favorable government initiatives and high disposable incomes. The demand for sidings in the residential end-user segment will also be largely driven by home remodeling projects.

Siding Market Size

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The residential segment was valued at USD 49.98 billion in 2017 and continued to grow until 2021The rapid growth in urbanization, government funding for housing projects, low-interest rates on housing loans, and the increasing popularity of high-rise residential buildings are expected to boost the global residential construction market during the forecast period. Such factors will lead to an increase in the demand for residential buildings in urban areas. In addition, various countries are also introducing schemes that encourage people to invest in homes. Furthermore, various types of sidings have been gaining traction among residential construction and home remodeling projects. This is because many types of sidings possess properties such as water resistance, ease of cleaning, and high weather resistance. Furthermore, market vendors are constantly focusing on offering innovative products. Sidings are available in various colors, textures, shapes, and patterns, which make them ideal for home renovations. With the rapid growth in renovation and new home construction projects, the demand for sidings will remain high in this segment in the coming years. This would contribute significantly to the growth of the market in focus during the forecast period.

Which are the Key Regions for the Siding Market?

Siding Market Share by Geography

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APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The construction sector in APAC is experiencing significant growth owing to the rising demand for industrial buildings, commercial spaces, and housing units. The rising income levels of the middle-class population and rapid urbanization have increased the demand for residential and non-residential buildings in these countries, which is expected to drive the growth of the regional market in focus during the forecast period. Emerging economies such as China, the Philippines, India, Indonesia, and Thailand are expected to drive the growth of the market in the region. Favorable government policies and initiatives are attracting investments in the construction sector from both public and private organizations. For instance, in India, government initiatives such as the Smart City Mission and Housing for All are fueling the growth of the construction and infrastructure sectors. The growth in the number of construction activities in the industrial, commercial, and residential sectors is driving the need for cost-effective and quick-building solutions. Hence, the adoption of sidings is rapidly increasing in the region.

Furthermore, the number of baby boomers is increasing in countries such as China, Japan, Singapore, and Thailand. This population group prefers multigenerational trips to exotic destinations. In addition, the trend of micro trips among working professionals for a short duration is propelling the growth of the tourism industry in this region. Countries such as Singapore, Thailand, Maldives, Bali, Australia, New Zealand, and India are suitable destinations with a rich cultural heritage and history for domestic and overseas tourists. Most travel agencies offer a customized package, including staying, dining, and fun-filled activities for a short duration in these countries. This is increasing the focus of players in the hospitality industry on improving the quality and range of their offerings. As investments in hotels, restaurants, and other such establishments increase, the market in the region will witness robust growth during the forecast period.

In 2020, the outbreak of the COVID-19 pandemic had an adverse impact on the growth of the regional market in focus. However, the launch of mass COVID-19 vaccination programs across various countries in the region, including India, Vietnam, Indonesia, and Japan, revived the growth of the regional construction industry in the latter half of 2021. For instance, India's construction industry recorded a growth of 16.8% year over year in the first quarter (April-June) of the fiscal year 2022-2023. Thus, the growing construction industry in various countries of the region will drive the growth of the regional market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Billion, 2017 - 2027)
    • Residential
    • Commercial
    • Public infrastructure
  • Material Outlook (USD Billion, 2017 - 2027)
    • Vinyl
    • Fiber cement
    • Wood
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Siding Market Scope

Report Coverage

Details

Page number

174

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.11%

Market growth 2023-2027

USD 20.01 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.65

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 58%

Key countries

US, China, India, UK, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Boral Ltd., Docke Extrusion LLC, Etex NV, James Hardie Industries plc, Kaycan Ltd., Kingspan Group Plc, Knauf Digital GmbH, Koch Industries Inc., Koch Konstruction Inc, LIXIL Corp., Louisiana Pacific Corp., Nichiha, Ply Gem Residential Solutions, Revelstone, ROCKWOOL International AS, The Alumasc Group plc, Valmont Industries Inc., Westlake Corp., Wienerberger AG, and Woodtone

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Siding Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the siding market between 2023 and 2027
  • Precise estimation of the size of the siding market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of siding market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global siding market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global siding market 2017 - 2021 ($ billion)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.3 Material Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Material Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Residential - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 6.4 Commercial - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 6.5 Public infrastructure - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Public infrastructure - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Public infrastructure - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Public infrastructure - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Public infrastructure - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ billion)

    7 Market Segmentation by Material

    • 7.1 Market segments
      • Exhibit 47: Chart on Material - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Material - Market share 2022-2027 (%)
    • 7.2 Comparison by Material
      • Exhibit 49: Chart on Comparison by Material
      • Exhibit 50: Data Table on Comparison by Material
    • 7.3 Vinyl - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Vinyl - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Vinyl - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Vinyl - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Vinyl - Year-over-year growth 2022-2027 (%)
    • 7.4 Fiber cement - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Fiber cement - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Fiber cement - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Fiber cement - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Fiber cement - Year-over-year growth 2022-2027 (%)
    • 7.5 Wood - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Wood - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Wood - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Wood - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Wood - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Material
      • Exhibit 67: Market opportunity by Material ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 Boral Ltd.
              • Exhibit 120: Boral Ltd. - Overview
              • Exhibit 121: Boral Ltd. - Business segments
              • Exhibit 122: Boral Ltd. - Key news
              • Exhibit 123: Boral Ltd. - Key offerings
              • Exhibit 124: Boral Ltd. - Segment focus
            • 12.4 Docke Extrusion LLC
              • Exhibit 125: Docke Extrusion LLC - Overview
              • Exhibit 126: Docke Extrusion LLC - Product / Service
              • Exhibit 127: Docke Extrusion LLC - Key offerings
            • 12.5 Etex NV
              • Exhibit 128: Etex NV - Overview
              • Exhibit 129: Etex NV - Business segments
              • Exhibit 130: Etex NV - Key news
              • Exhibit 131: Etex NV - Key offerings
              • Exhibit 132: Etex NV - Segment focus
            • 12.6 James Hardie Industries plc
              • Exhibit 133: James Hardie Industries plc - Overview
              • Exhibit 134: James Hardie Industries plc - Business segments
              • Exhibit 135: James Hardie Industries plc - Key offerings
              • Exhibit 136: James Hardie Industries plc - Segment focus
            • 12.7 Kingspan Group Plc
              • Exhibit 137: Kingspan Group Plc - Overview
              • Exhibit 138: Kingspan Group Plc - Business segments
              • Exhibit 139: Kingspan Group Plc - Key news
              • Exhibit 140: Kingspan Group Plc - Key offerings
              • Exhibit 141: Kingspan Group Plc - Segment focus
            • 12.8 Knauf Digital GmbH
              • Exhibit 142: Knauf Digital GmbH - Overview
              • Exhibit 143: Knauf Digital GmbH - Product / Service
              • Exhibit 144: Knauf Digital GmbH - Key offerings
            • 12.9 Koch Industries Inc.
              • Exhibit 145: Koch Industries Inc. - Overview
              • Exhibit 146: Koch Industries Inc. - Product / Service
              • Exhibit 147: Koch Industries Inc. - Key news
              • Exhibit 148: Koch Industries Inc. - Key offerings
            • 12.10 LIXIL Corp.
              • Exhibit 149: LIXIL Corp. - Overview
              • Exhibit 150: LIXIL Corp. - Business segments
              • Exhibit 151: LIXIL Corp. - Key offerings
              • Exhibit 152: LIXIL Corp. - Segment focus
            • 12.11 Louisiana Pacific Corp.
              • Exhibit 153: Louisiana Pacific Corp. - Overview
              • Exhibit 154: Louisiana Pacific Corp. - Business segments
              • Exhibit 155: Louisiana Pacific Corp. - Key news
              • Exhibit 156: Louisiana Pacific Corp. - Key offerings
              • Exhibit 157: Louisiana Pacific Corp. - Segment focus
            • 12.12 Nichiha
              • Exhibit 158: Nichiha - Overview
              • Exhibit 159: Nichiha - Product / Service
              • Exhibit 160: Nichiha - Key offerings
            • 12.13 Ply Gem Residential Solutions
              • Exhibit 161: Ply Gem Residential Solutions - Overview
              • Exhibit 162: Ply Gem Residential Solutions - Product / Service
              • Exhibit 163: Ply Gem Residential Solutions - Key offerings
            • 12.14 Revelstone
              • Exhibit 164: Revelstone - Overview
              • Exhibit 165: Revelstone - Product / Service
              • Exhibit 166: Revelstone - Key offerings
            • 12.15 ROCKWOOL International AS
              • Exhibit 167: ROCKWOOL International AS - Overview
              • Exhibit 168: ROCKWOOL International AS - Business segments
              • Exhibit 169: ROCKWOOL International AS - Key offerings
              • Exhibit 170: ROCKWOOL International AS - Segment focus
            • 12.16 The Alumasc Group plc
              • Exhibit 171: The Alumasc Group plc - Overview
              • Exhibit 172: The Alumasc Group plc - Business segments
              • Exhibit 173: The Alumasc Group plc - Key offerings
              • Exhibit 174: The Alumasc Group plc - Segment focus
            • 12.17 Wienerberger AG
              • Exhibit 175: Wienerberger AG - Overview
              • Exhibit 176: Wienerberger AG - Business segments
              • Exhibit 177: Wienerberger AG - Key offerings
              • Exhibit 178: Wienerberger AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 179: Inclusions checklist
                • Exhibit 180: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 181: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 182: Research methodology
                • Exhibit 183: Validation techniques employed for market sizing
                • Exhibit 184: Information sources
              • 13.5 List of abbreviations
                • Exhibit 185: List of abbreviations
              • type:

                    Research Framework

                    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                    TechnavioINFORMATION SOURCES

                    Primary sources

                    • Manufacturers and suppliers
                    • Channel partners
                    • Industry experts
                    • Strategic decision makers

                    Secondary sources

                    • Industry journals and periodicals
                    • Government data
                    • Financial reports of key industry players
                    • Historical data
                    • Press releases
                    Technavio

                    TechnavioDATA ANALYSIS

                    Data Synthesis

                    • Collation of data
                    • Estimation of key figures
                    • Analysis of derived insights

                    Data Validation

                    • Triangulation with data models
                    • Reference against proprietary databases
                    • Corroboration with industry experts
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                    Siding market growth will increase by $20.01 billion during 2023-2027.
                    The siding market is expected to grow at a CAGR of 4.11% during 2023-2027.
                    Technavio has segmented the siding market by end-user (Residential, Commercial, and Public infrastructure) ,material (Vinyl, Fiber cement, Wood, Others, and South America) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
                    Boral Ltd., Docke Extrusion LLC, Etex NV, James Hardie Industries plc, Kaycan Ltd., Kingspan Group Plc, Knauf Digital GmbH, Koch Industries Inc., Koch Konstruction Inc, LIXIL Corp., Louisiana Pacific Corp., Nichiha, Ply Gem Residential Solutions, Revelstone, ROCKWOOL International AS, The Alumasc Group plc, Valmont Industries Inc., Westlake Corp., Wienerberger AG, Woodtone are a few of the key vendors in the siding market.
                    APAC will register the highest growth rate of 58.07% among the other regions. Therefore, the siding market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                    • US
                    • China
                    • India
                    • UK
                    • France
                    The key factors driving the siding market growth are:
                    • Booming global construction industry
                    • Trending sports tourism
                    The siding market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
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